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First of all "everything" is not even loosely "pegged" to USD. Secondly, as you speak about loss of confidence: gold's price is very fluctuative and most of it's value is speculative.
Loss of confidence to fiat money is not any big danger, because it would require some serious shit, that you would stop using it, and or others will stop accepting it. Fiat money's, or any money's value is not in it's value itself. The value is that others take it as a payment, or will take if offered (option). That's the whole fucking purpose.
And any "savvy" investor won't keep much of his money in "cash" anyways. It's much better to buy bonds etc.
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